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Islamic finance in Russia

By Alliance Alert

Russia Muftis Council in the Moscow Times: "Islamic finance seems to be starting to be implemented in Russia, although by very careful steps. The potential size of the market has received various estimates, from a modest 10 percent of the practicing Muslims to the whole ethnic Muslim population of more than 30 million, or even more. However, it is understood by experts that the demand of the population would definitely not be the leading factor in the development of this sphere: It is more about business preferences with regard to ethical aspects."

Full post as published by Constitutionally Correct on June 07, 2010 (boomark / email).